Initia set to airdrop 50 million tokens, with 90% to testnet users, ahead of mainnet launch

The Block

Initia, a blockchain project building infrastructure for a multichain ecosystem, is set to airdrop 50 million INIT tokens to early supporters ahead of its upcoming mainnet launch.

The airdrop represents 5% of Initia's 1 billion total token supply. The vast majority — around 44.7 million tokens, or nearly 90% of the airdrop — will go to 194,294 users who participated in Initia's 2024 testnet campaigns. These programs involved interactive onchain tasks, such as raising a virtual pet named Jennie, and were designed to stress-test Initia's infrastructure.

The remaining allocation is divided between external ecosystem partner users and social contributors. About 2.25 million INIT tokens (4.5%) will go to active users of Initia's partner networks — LayerZero, IBC and MilkyWay — determined by transaction history.

Roughly 3 million INIT tokens (6%) are earmarked for social contributors who meaningfully engaged on Initia's Discord, Telegram and X, helping grow its social presence.

The Initia Foundation emphasized that internal contributors are excluded from the airdrop, with eligibility limited to the broader community. Participants can check if they qualify via Initia's official airdrop site, and will have 30 days to claim tokens once the mainnet goes live.

"This initial distribution of INIT through Initia's airdrop ensures that supporters from the earliest stages will have a say in Initia's evolution," the foundation said. "Initia's mainnet will focus on bringing value to the native economy: from L1 users to full-stack apps ranging from DeFi to fully onchain games and NFTs."

To date, Initia has raised over $24 million in funding from investors, including YZi Labs (formerly Binance Labs), Delphi Ventures, Hack VC and angel investors, via Echo, the investing platform founded by Jordan Fish, aka Cobie. As The Block previously reported, Initia's recent main VC round valued the token at $350 million, while the Echo round was raised at a $250 million valuation.

Initia is developing two core products: a Layer 1 blockchain and a platform for deploying "interwoven" optimistic rollups. Co-founder Ezaan Mangalji (aka "Zon") recently described the approach as building a multichain ecosystem across architecture, product and economic layers.

"Through designing an L1 in tandem to a network of interconnected L2s, Initia has built a system designed for a rollup-centric future," Zon told The Block last year.

Rollups on Initia, known as Minitias, are built with the Cosmos SDK and support multiple virtual machines, including the Ethereum Virtual Machine (EVM), MoveVM and CosmWasm's WasmVM. This enables teams to customize how their rollups process and order transactions within the Cosmos framework.

Over a dozen projects are said to be building Layer 2 networks using Initia's interwoven stack.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

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Michael Saylor's Strategy Loses $3 Billion in 4 Months: Worst BTC Purchases Yet?

U.Today

As his aggressive Bitcoin acquisition strategy continues to result in significant losses, Michael Saylor, the executive chairman of MicroStrategy and one of the most-well-known institutional backers of Bitcoin, is coming under increasing pressure. Per the most recent data, Saylor's purchases during the last four months have led to an astounding unrealized loss of $3 billion, which could be the worst period of Bitcoin accumulation in his investment history.

MicroStrategy accumulated billions of dollars worth of Bitcoin between November 2024 and March 2025. Purchase prices for Bitcoin ranged from $84,000 to more than $106,000, on average. Interestingly MicroStrategy bought 820,356 Bitcoin on Feb. 24 at an average price of $97,514, which is currently down by almost $318 million. Recently, Strategy purchased 22,048 BTC for around $1.92 billion at approximately $86,969. Chart by TradingView">

The biggest loss was from the Jan. 27 purchase of 810,107 Bitcoin at $105,596 apiece, which is currently at a painful 24% drawdown, or an unrealized loss of $269 million. Due to a major mismatch between the timing of the purchase and the state of the market, the total loss from all of these entries is well over $3 billion.SaylorTracker">

According to the chart, Saylor's most active buying period coincided with the local peak of Bitcoin in early 2025. The market correction has left Strategy vulnerable, notwithstanding Saylor's long-term thesis. Additionally, the chart shows a concerning trend: the market has since cooled off despite Saylor increasing purchases at the height of Bitcoin's value.

These positions will likely remain in deep red unless Bitcoin sees a significant upward recovery, as indicated by the total dollar-cost average (DCA) trendline, which is still below the most recent purchase levels. These losses highlight the dangers of aggressively DCAing during periods of peak bullish sentiment, even though one is in it for the long run.

Though recent actions seem more speculative and expensive, Saylor has made Bitcoin a corporate treasury strategy. Saylor's conviction and the strain on Strategy's balance sheet may worsen if Bitcoin does not swiftly rise back above the $90,000-$100,000 range.

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Dogecoin Is Bullish Long-Term, but Short-Term Screams Caution. Here’s Why Meme Index Presale Can 100X as a Result.

NewsBTC

Dogecoin ($DOGE) isn’t just any ol’ dog-themed meme coin. It’s the OG, the first meme coin ever, and today the one with the highest market capitalization ($24.2B). Naturally, meme coin lovers keep an eye on $DOGE for clues to the larger meme coin market’s direction.

In this article, we’ll unpack $DOGE’s current outlook, explain the reasons to be both cheerful and cautious about its future, and discuss how a concept like the Meme Index presale could offer the best strategy in the current market scenario.

Reasons to Be Bullish on $DOGE

On the monthly and weekly charts, Dogecoin is taking support at the crucial 0.618 Fibonacci level. This is a huge buy signal, as it suggests the token has had the perfect amount of correction and is now ready to continue its long-term bullish trend.

Also, on the weekly timeframe, the 20 EMA (Exponential Moving Average) is still above the 50 EMA. This confirms a long-term bullish direction. Another reason to feel good about $DOGE is that it’s currently trading at the bottom of a symmetrical triangle pattern (on the 2-hour timeframe).

The token is also at a crucial support/resistance zone – indicated by the blue box in the image below. As you can see, this zone has seen numerous reversals in the past.

If $DOGE does follow a long-term bullish trend, we could see it regain its recent high of $0.48.

$DOGE’s Short-Term Trend Signals Caution

Though Dogecoin’s larger picture is bullish, its short-term trend has been bearish for some time already. Indeed, the $DOGE price has been falling since the first week of December.

Also, all key trend indicators, such as the 200, 50, and 20 EMAs, are sloping downwards on important short-term timeframes like the daily, 12-hourly, and 4-hourly.

It’s always worth noting what’s happening in the larger meme coin market, which isn’t really rallying, either.

Apart from $DOGE, prominent tokens such as $SHIB, $PEPE, $TRUMP, and $BONK have all been red in the last seven days.

But when the meme coin market is down, presales prevail. As they’ve yet to be listed publically, crypto presales can provide a haven from the current volatility.

Indeed, if you’re looking to invest in $DOGE, and a basket of other top meme coins, you can’t go wrong with an instrument like Meme Index ($MEMEX).

What Is Meme Index ($MEMEX)?

$MEMEX is a revolutionary crypto project that will help you lose less when the market isn’t favorable and generate a hefty ROI when the market finally turns bullish.

That’s because it’s the first-ever provider of meme coin indexes. We’ve all come across the golden stock market investment strategy of putting our money in indexes like the S&P 500.

Well, $MEMEX brings the same concept (that of risk-averse investing) to the meme coin space.

Meme Index has four indexes, each carrying a different amount of volatility and risk. $MEMEX’s beauty, therefore, lies in the fact that you can choose any one of the four indexes depending on your risk appetite and desired gains.

Meme Titan Index: This is a collection of the top eight meme coins, each with a market cap of over $1B. You’ll find established cryptos like $DOGE, $SHIB, and $PEPE, which makes this Index ideal if you’d prefer to bet on tried-and-tested coins.
Meme Moonshot Index: Also known as the Rising Stars Index, this contains eight emerging meme coins that are about to hit 1B in market cap and, therefore, enter the Meme Titan Index. It offers a balanced risk-to-reward possibility.
Meme Midcap Index: The name probably gives it away. This Index contains meme coins with a market cap between $50M and $250M. It’s ideal for more aggressive investors, who are willing to take on the extra risk in order to chase the possibility of significant gains.
Meme Frenzy Index: An assortment of highly volatile tokens that could either rocket to the moon or fall flat, Meme Frenzy is tailor-made for degens, i.e., meme coin investors who like to live life on the wild side.

Why Is Meme Index the Next Crypto to Explode?

By allowing investors to diversify their total investment across multiple high-potential meme coins, $MEMEX reduces their total risk exposure.

To really understand $MEMEX’s future potential, you must remember meme coins are a rapidly growing investment niche. Thanks to the success stories of $DOGE and $PEPE – and more recently, $TRUMP and $BROCCOLI, investors from all around the world are finally realizing the potential of the best meme coins.

Meme Index offers perhaps the best investment avenue for new meme coin investors, which is why $MEMEX is at the top of our list of the next cryptos to explode. If you like numbers, check out our $MEMEX price prediction, which suggests this one-of-a-kind altcoin can reach $0.0198 by the end of 2026 – and $0.084 by the end of 2030.

Meme Index takes the legwork out of finding meme coins that can 10x or 100x, especially in a market that has thousands of tokens.

Additionally, $MEMEX’s indexes are community-driven. Holders will have a vote on which tokens each index includes. The four indexes will also be dynamic, meaning they’ll be regularly updated so that they only contain the cream of the crop at all times.

Such real-time portfolio management is an innovation in the meme coin market and could just be the edge you need.

How to Benefit from $MEMEX?

If you like the idea of buying into an index, then $MEMEX’s approach to meme coin investing could be for you. The good news is Meme Index presale is still live. You can get one $MEMEX for just $0.0166883, but you’ll need to move it, as the $MEMEX presale ends any minute now.

Simply put, this is your last chance to buy $MEMEX for such a low price. Once it goes live, there’s a high likelihood it’ll pump to record highs – and you won’t get it for such a discounted price ever again.

For more technical information about the project, check out Meme Index’s whitepaper. Also, follow their X feed and Telegram channel for regular updates.

Even though all signs point towards the fact that $MEMEX could join the best low-cap coins after listing, it’s important to remember that nothing is guaranteed, especially when it comes to meme coins.

Therefore, we recommend only investing an amount that allows you to sleep soundly at night.

Last but not least, it’s crucial that you do your own research before investing. After all, this guide is merely an assortment of our opinions and insights – it’s not financial advice.

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Hut 8 partners with Trump-backed firm to launch American Bitcoin mining company

The Block

Publicly traded Hut 8 announced a partnership with American Data Centers, whose investors include Eric Trump and Donald Trump Jr., to launch a new bitcoin mining company, American Bitcoin. The deal expands the Trump family’s corporate exposure to the cryptocurrency sector.

Under the cashless merger, Hut 8 will own 80% of American Bitcoin and manage operations through a shared services agreement. The Trump-backed firm will hold a 20% stake, according to a Monday press release.

Hut 8 will also deploy more than 60,000 ASIC machines to the new standalone bitcoin mining business. Shares of the Florida-based company rose more than 6% in pre-market trading following the announcement. However, Hut 8’s stock remains down 46% year to date, as bitcoin miners navigate revenue pressures following April’s bitcoin halving, a quadrennial event that cuts mining rewards by 50%.

American Bitcoin’s leadership team includes Mike Ho as executive chairman, Matt Prusak as CEO and Eric Trump as chief strategy officer. Ho will also serve on the board alongside Justin Mateen, Michael Broukhim and Hut 8 CEO Asher Genoot.

“By carving out our mining business into a standalone entity, which will raise its own capital, we align each segment of the business with its respective cost of capital,” Genoot said.

The partnership marks another move by the Trump family to expand its presence in digital assets. “From the start, we’ve backed our conviction in Bitcoin — personally and through our businesses,” said Donald Trump Jr. “Simply buying Bitcoin is only half the story. Mining it on favorable economics opens an even bigger opportunity.”

The Trumps have also backed decentralized finance protocol World Liberty Financial, which plans to launch a stablecoin as the president and U.S. regulators push for clearer crypto regulations. Additionally, the family was affiliated with two official Trump memecoins — TRUMP and MELANIA — both of which have fallen more than 85% from their peaks after launching in January, according to The Block’s price data.

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CXApp Inc. (Nasdaq:CXAI) Reschedules Fourth Quarter 2024 and Annual 2024 Financial Results and Business Update Conference Call

Acceswire

CXAI shaping the future of work by enabling enhanced employee experiences using artificial intelligence

PALO ALTO, CA / ACCESS Newswire / March 31, 2025 / CXApp Inc. , the global technology leader in employee workplace experiences, announced that its earnings call originally scheduled for today has been rescheduled to Thursday, April 3, 2025, at 1:00 p.m. Pacific Time. During the call, the Company will discuss its financial results for the fourth quarter of 2024, ended December 31, 2024, as well as the full year ended 2024. The discussion will be led by Chairman and CEO, Khurram Sheikh, and CFO, Joy Mbanugo, and will include an update on the progress of the state-of-the-art AI-native CXAI Platform.

The conference call will be available via telephone by dialing toll-free 888-506-0062 for U.S. callers or 973-528-0011 for international callers; the participant access code is 935268.

A webcast of the call may be accessed at https://www.webcaster4.com/Webcast/Page/2989/52237 or on the company's website www.cxapp.com.

Investors and other interested parties are invited to register and submit questions to management prior to the conference call start at https://www.webcaster4.com/Webcast/Page/2989/52237.

A webcast replay will be available on the Company's website www.cxapp.com, through April 3, 2026. A telephone replay of the call will be available approximately one hour following the call, through April 17, 2025, and can be accessed by dialing 877-481-4010 for U.S. callers or 919-882-2331 for international callers and entering access code52237.

About CXApp Inc

CXApp Inc., is the global technology leader in employee workplace experiences. The Company is headquartered in the SF Bay Area and operates the CXAI SaaS platform that is anchored on the intersection of customer experience (CX) and artificial intelligence (AI) providing digital transformation for the workplace for enhanced experiences across people, places and things.

CXApp's customers include major Fortune 500 Global Companies in the technology, financial services, consumer, healthcare, and media entertainment verticals.

www.cxapp.com

CXApp Inc.: marketing@cxapp.com

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The expectations, estimates, and projections of the Company may differ from its actual results and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," or the negative or other variations thereof and similar expressions are intended to identify such forward looking statements. These forward-looking statements include, without limitation, expectations with respect to future performance of the Company, including projected financial information (which is not audited or reviewed by the Company's auditors), and the future plans, operations and opportunities for the Company and other statements that are not historical facts. These statements are based on the current expectations of the Company's management and are not predictions of actual performance. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Factors that may cause such differences include, but are not limited to: the impact of the COVID-19 pandemic on our business, operations, results of operations and financial condition, including liquidity for the foreseeable future; the demand for the Company's services together with the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors or changes in the business environment in which the Company operates; changes in consumer preferences or the market for the Company's services; changes in applicable laws or regulations; the availability or competition for opportunities for expansion of the Company's business; difficulties of managing growth profitably; the loss of one or more members of the Company's management team; loss of a major customer and other risks and uncertainties included from time to time in the Company's reports (including all amendments to those reports) filed with the SEC. The Company cautions that the foregoing list of factors is not exclusive. You should not place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based, except as required by law. These forward-looking statements should not be relied upon as representing the Company's assessments as of any date subsequent to the date of this communication.

SOURCE: CXApp Inc.

View the original press release on ACCESS Newswire

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BlackRock CEO Warns US Dollar Could Lose to Bitcoin

U.Today

In his annual letter, Larry Fink, the CEO of asset management firm BlackRock, warned that the U.S. dollar could potentially lose its hegemony to Bitcoin.

Fink has sounded the alarm over the ballooning national debt in the U.S. that could threaten the greenback's long-standing reserve currency status.

According to the BlackRock boss, Bitcoin might emerge as a more preferable investment option than the U.S. dollar.

Decentralized finance could potentially "undermine" the economic advantage that the U.S. currently enjoys, according to Fink.

Back in 2020, Fink stated that Bitcoin could potentially evolve into a global market.

In 2024, the asset management titan made waves with its widely successful Bitcoin ETF.

Last October, Fink said that he viewed said that he viewed Bitcoin as a gold alternative.

Looming debt crisis?

The U.S. national debt currently stands at $36.6 trillion, surpassing the size of the country's economy. Federal interest payments are expected to top $1 trillion in 2026.

U.S. lawmakers will then have to take action to address the debt limit by either raising or suspending it. According to the Congressional Budget Office, a potential default is looming this summer.

Earlier this month, billionaire hedge fund manager Ray Dalio predicted that the U.S. could face a severe debt crisis in a few years from now.

Some pro-Bitcoin analysts argue that a high national debt could potentially devalue the dollar. Thus, it could benefit the leading cryptocurrency, which is viewed as digital gold and a hedge against inflation.

Meanwhile, Strategy cofounder Michael Saylor has argued that a U.S. strategic reserve could help reduce the national debt.

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CXApp Inc. (Nasdaq:CXAI) Announces the Appointment of Terry Blanchard as Senior Vice President of Engineering

Acceswire

Experienced Software Leader ex-Apple, WhatsApp and NVIDIA to lead CXAI development efforts

PALO ALTO, CA / ACCESS Newswire / March 31, 2025 / CXApp Inc. ,the global technology leader in employee workplace experiences announced the appointment of Terry Blanchard as Senior Vice President of Engineering, reporting to Chairman and CEO Khurram Sheikh. Mr. Blanchard will lead CXAI's global engineering organization and spearhead the development of next-generation AI technologies that transform how employees engage with their workplace. Terry brings over 30 years of engineering leadership experience to CXAI, having previously served in senior engineering positions at prestigious companies such as Apple, WhatsApp(Meta), Microsoft, and NVIDIA.

Terry's expertise in software architecture, AI, machine learning, cloud infrastructure, and making extremely usable products that people love, will be instrumental in accelerating CXAI's product roadmap and technical strategy.

"I am excited to join CXAI at such a pivotal time in the company's growth journey," said Mr. Blanchard. "CXAI has built an impressive portfolio of employee experience solutions, and I look forward to working with this talented team to push the boundaries of what's possible in this space. Together, we'll create technologies that deliver measurable business value while setting new standards for employee and workplace engagement."

Mr. Blanchard will oversee all aspects of CXAI's engineering and development efforts, including software development, AI research, platform and technical architecture, and technical infrastructure. Terry will work closely with the executive team to align engineering initiatives with CXAI's strategic business objectives.

"On behalf of the entire team at CXAI, we are thrilled to welcome Terry Blanchard as our Senior Vice President of Engineering," said Khurram Sheikh, Founder, Chairman & CEO of CXAI. "Terry's extensive experience in developing and deploying state-of-the-art application technologies and natural passion for scaling amazing experiences at some of the most iconic brands in the technology industry makes him a natural fit for CXAI. I look forward to working with Terry in building the best in class Agentic AI solutions for transformational employee experiences ."

About CXApp Inc.

CXApp's customers include major Fortune 1000 Global Companies in the technology, financial services, consumer, healthcare, and media entertainment verticals.

www.cxapp.com

CXApp Inc.: marketing@cxapp.com

Forward-Looking Statements

SOURCE : CXApp Inc.

View the original press release on ACCESS Newswire

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